[Translation for Reference and Convenience Purposed Only]

June 26, 2012
To All Shareholders:Osamu Watanabe, President
Japan Petroleum Exploration Co., Ltd. (JAPEX)
1-7-12 Marunouchi, Chiyoda-ku, Tokyo
Notification of Resolutions
at the 42nd Ordinary General Meeting of the Shareholders
We are pleased to inform you that the following matters were reported and resolved at the 42ndOrdinary General Meeting of the Shareholders held on June 26, 2012.
Announcements: 1)

2)

Business report and consolidated financial report of the 42nd Term(from April 1, 2011 to March 31, 2012), and audit reports from theaccounting auditor and Board of Corporate Auditors on theconsolidated financial report
JAPEX reported the foregoing items to the shareholders present at themeeting.
Financial report of the 42nd Term (from April 1, 2011 to March 31,2012)
JAPEX reported the foregoing items to the shareholders present at themeeting.

Resolution Items:
Item 1: Appropriation of Surplus
This item was approved and adopted as proposed. It was decided to pay the year-end
dividends of 20 yen per share for the 42nd Term.
Item 2: Election of One (1) Director
This item was approved and adopted as proposed. Accordingly, one (1) Director, Hikaru
Fukasawa was newly elected and assumed his office.
Item 3: Awarding Retirement Benefits to Retiring Director
This item was approved and adopted as proposed. Consequently, retirement benefits
shall be awarded to retiring Director Katsuo Suzuki according to the standards specified
by JAPEX in recognition of services during his tenure, and the specific amount, period andmethod of payment, etc. shall be entrusted to deliberation of the Board of Directors.
Item 4: Payment of Bonuses to Directors and Corporate Auditors
This item was approved and adopted as proposed. A total amount of bonus of
75,080,000 yen (70,280,000 yen to Directors, 4,800,000 yen to Corporate Auditors) will
be paid.

1

[Translation for Reference and Convenience Purposed Only]------------------------------------------------------------------------------------------------------------------------At the Meeting of the Board of Directors held after the 42nd Ordinary General Meeting of theShareholders was closed, a Director with Title and Executive Officers were elected and assumed
offices as follows:
Managing Director

Executive Officer

Hikaru Fukasawa(Executive Officer)

Managing Executive Officer

Yosuke Higai(Executive Officer)

Managing Executive Officer

Shigeru Mitsuya(Executive Officer)

Executive OfficerHirotaka Tanaka

Executive Officer

Toshiyuki Hirata------------------------------------------------------------------------------------------------------------------------<Dividend Payments>
Shareholders who have requested that dividend payments be made by transfer to a bank orother financial institution are asked to confirm the enclosed documents to receive the dividend.
Shareholders who have not requested that divided payments be made by transfer to a bankor other financial institution may receive their dividend payments at their nearby branch of JAPANPOST BANK Co., Ltd. and post office (banking agency) as indicated in the enclosed Receipt ofYear-end Dividends. The period for receiving payment is from June 27, 2012 to July 27, 2012.
###2